Pricing Products (cont'd)
{"Image DocumentName": "Pricing Products (cont\u2019d)", "Image ImageDescription": "Supply and demand affects prices. Supply. The quantity of a product that producers are willing to sell at each of various prices. Quantity supplied by producers increases as the price increases. Demand. The quantity of a product that buyers are willing to purchase at each of various prices. Quantity demanded increases as the price decreases. Equilibrium. Where the supply and demand curves intersect and quantity and price for buyers and sellers are equal. Copyright \u00a9 Houghton Mifflin Company. All rights reserved.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}